Use the Rank Correlation Coefficient to Test for a Correlation

question 7

Essay

Use the rank correlation coefficient to test for a correlation between the two variables. Use the sample data below to find the rank correlation coefficient and test the claim of correlation
between math and verbal scores. Use a significance level of 0.05. $$\begin{array} { l l l l l l l l l l } \text { Mathematics } & 347 & 440 & 327 & 456 & 427 & 349 & 377 & 398 & 425 \\\hline \text { Verbal } & 285 & 378 & 243 & 371 & 340 & 271 & 294 & 322 & 385\end{array}$$

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The price of a good or service on the international market, shaped by the global forces of supply and demand.

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The cost of products or services in a country, affected by domestic demand and supply factors.

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